Market · South Florida, FL

Miami Beach

Condo-heavy; rising inventory and insurance/assessment headwinds cooling the mid-market while branded residences hold firm.
Share
Median Price$1.78M
+2.2% YoY
Luxury Median$6.90M
top-tier segment
Days on Market74
+14.0% YoY
Active Inventory2,980
+22.5% YoY
Median sale price · trailing 12 moZillow watched by 274 members

What moved & why

Market PulseFrom Inman editorial

Miami Beach is the outlier in your set: condo inventory up 22% YoY with DOM lengthening as insurance costs and special assessments cool the mid-market below $2M. The very top — branded residences — still trades firmly. A split-screen market where rate moves still bite at the lower end.

Per Inman markets coverage: Miami Beach condo inventory is up 22% YoY; a buyer's market is forming below $2M while branded residences hold firm.

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